Iran sees 2nd highest growth in steel production
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The Iranian Steel industry has been constantly advancing over the past few years regardless of all the obstacles, including US sanctions.
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In this May 31, 2012 file photo, a furnace of the Mobarakeh Steel Complex is seen, some 280 miles (460 kilometers) south of the capital Tehran, and some 40 miles, 65 kilometers, southwest of the central Iranian city of Isfahan (AP Photo)
Ranking second after Malaysia, Iran has witnessed the highest growth in steel production in the world, an Iranian economic official said.
The countries whose steel production saw a surge in 2022 compared to 2021 are Iran, India, Indonesia, Malaysia, Saudi Arabia, Belgium, Pakistan, Argentina, Algeria, and the UAE, according to a member of the board of directors of the Tehran iron and steel guild association.
With a 10.9% hike, Pakistan's growth stands in first place in steel production, while Malaysia and Iran have come second in this regard, Mohammad Sadegh Chitsaz, a member of the management board of Tehran Iron and Steel Union said.
Steel exports reached 2,685,000 tons this year, marking a 2% drop in comparison with the preceding year, he underlined.
Read: Cyberattack targets Iranian state-owned steel company
Iran still remained among the top 10 steel-producing countries in the world, the World Steel Association reported.
The Iranian Steel industry has been constantly advancing over the past few years regardless of all the obstacles imposed by outside forces, such as the US through its sanctions and the Covid-19 outbreak that severely affected the world's top producers.
Nevertheless, reports and statistics released by international bodies and Iranian sources reveal that the sanctions cannot affect Iran’s strong steel sector.
